central bank | Economic Research Southern Africa

Keyword: central bank

Bradley Kent on SA's S&P Credit Rating 2023

ERSA’s own Bradley Kent chats to Hot102.7 FM’s Hot Busi...

Bradley Kent

Hot102.7 FM

International Lending Channel, Bank Heterogeneity and Capital Inflows (Mis)Allocation

Working Paper 887 This paper explores the role of banks’ heterogene...

Silvia Marchesi, Lucas A. Mariani

Working Paper

Call for Papers: An ERSA Research Workshop: The fiscal history of Sub-Saharan Africa

The public finances of African governments in the colonial and post...

Submit paper: 4 May 2015

Call for Papers

The bond market impact of the South African Reserve Bank bond purchase programme

We use a unique dataset comprising over a million trades and quotes...

Roy Havemann, Rossouw van Jaarsveld, Henk Janse van Vuuren, Daan Steenkamp

Working Paper

Risk and return spillovers in a global model of the Foreign Exchange Network

We developed a network model to capture the dynamic interactions am...

Herbert Ntuli, Gibson Mudiriza, Edwin Muchapondwa, Boscow Okumu, Alfred K. Mukong

Working Paper

Policy Bulletin 05: The impact of global FX liquidity on the rand

The Covid crisis saw significant declines in market liquidity and c...

Tim Olds, Rossouw van Jaarsveld, Daan Steenkamp

Policy Bulletin

Prof Nicola Viegi on evaluating the near future of monetary policy in SA: Sailing into ...

Only three times in the last century has monetary policy been re-ev...

Nicola Viegi

Podcast

Part 1: Monetary policy and Covid-19 in South Africa

The discussion is based on Sailing into the Wind: evaluating the (n...

Matthew Simmonds, Nicola Viegi, Mamokete Lijane, Konstantin Makrelov, Gina Schoeman

Dialogue

The effect of cigarette price changes on smoking prevalence by gender: The case of Sout...

South Africa successfully reduced smoking prevalence by substantial...

Corné van Walbeek, Nicole Vellios, Zachary Gitonga

Working Paper

Sailing into the Wind: evaluating the (near) future of Monetary Policy in South Africa

Policy Paper 25 This paper evaluates the main challenges facing Sou...

Nicola Viegi, Tumisang Loate, Ekaterina Pirozhkova

Policy Paper

Estimates of bank-level funding costs in South Africa

We develop a new dataset of bank-level balance sheets data to estim...

Daan Steenkamp, Tim Olds

Working Paper

Health inequality and the 1918 Influenza in South Africa

The 1918 influenza – the Spanish ﬂu – killed an estimated 6% of Sou...

Jonathan Jayes, Johan Fourie

Working Paper

The transmission of monetary policy via the banks' balance sheet - does bank size matter?

We study the credit channel of monetary policy in South Africa betw...

Tumisang Loate, Nicola Viegi

Working Paper

Social distancing in macroeconomic models

The paper introduces voluntary social distancing to the canonical e...

Yoseph Y. Getachew

Working Paper

Quantitative Easing' and central bank asset purchases in South Africa: A DSGE approach

This paper develops a small open-economy (SOE) dynamic stochastic g...

Cobus Vermeulen

Working Paper

Indebted Demand by Amir Sufi

The topic for the third virtual meeting is ‘Indebted Demand&#...

Amir Sufi

Webinar

The Italian jobs act – Lessons and challenges from Structural Reforms in Italy by Filip...

The topic for the first virtual meeting is Labour Market Reforms fo...

Filippo Taddei

Webinar

Monetary policy and inequality

South Africa is one of the most unequal countries in the world and ...

Neryvia Pillay Bell

Policy Brief

Policy Bulletin 04: Electricity reforms: Experience and approach

South Africa has been experiencing electricity shortages since 2008...

Christopher Loewald, Konstantin Makrelov, Andreas Wörgötter

Policy Bulletin

Dr David Fowkes on QE and central bank balance sheet policies: Does South Africa have ‘...

Shortly after the Governor of the SARB gave his speech about the fu...

David Fowkes

Podcast

Fiscal Rules and the Compliance debate: Why do Countries adopt Rules and fail to comply?

We study the compliance with fiscal rules via various national nume...

Martin W. Nandelenga, Mark J. Ellyne

Working Paper

Assessing inflation targeting and its communication

It is less onerous to achieve policy objectives when they are clear...

Alberto Coco, Nicola Viegi

Policy Brief

A New Keynesian DSGE model for low income economies with foreign exchange constraints

The existing literature is clear that low income economies tend to ...

Bertha C. Bangara

Working Paper

The monetary policy of the South African Reserve Bank: stance, communication and credib...

This paper analyses the evolution of the monetary policy stance, co...

Alberto Coco, Nicola Viegi

Working Paper

Fiscal policy and adjustment in a foreign exchange constrained economy: Evidence from M...

Most of the recent literature analysing the adjustments of macroeco...

Bertha C. Bangara, Amos C. Peters

Policy Brief

Taxpayers’ behavioural responses to Voluntary Disclosure Programmes: evidence from Sout...

South Africa, like any other country, strives towards greater tax r...

Ada Jansen, Sophia du Plessis, Chengetai Dare

Working Paper

Can creditor bail-in trigger contagion? The experience of an emerging market

The successful bail-in of creditors in African Bank, a small South ...

Roy Havemann

Working Paper

Policy regime changes and central bank prefernces

This paper establishes whether central bank preferences are related...

Samuel Addo

Working Paper

An institutional comparison of private shareholding in the central banks of South Afric...

This paper considers institutional aspects of private shareholding ...

Jannie Rossouw

Policy Brief

Flow specific capital controls for emerging markets

This paper investigates the impact of capital controls on business ...

Guangling Dave Liu, Chris Garbers

Working Paper

Do monetary policy announcements affect foreign exchange returns and volatility? Some e...

Our empirical study addresses the question: How does the South Afri...

Jannie Rossouw, Greg Farrell, Cyril May

Policy Brief

The Reaction of Inflation to Macroeconomic Shocks: The Case of Zimbabwe (2009 – 2012)

This paper empirically investigates the reaction of inflation to ma...

William Kavila, Pierre Le Roux

Working Paper

Changes in the Liquidity Effect Over Time: Evidence from Four Monetary Policy Regimes

Monetary policy, post Bretton Woods, saw the emergence of the short...

Dawid J. van Lill

Policy Brief

Do monetary policy announcements affect foreign exchange returns and volatility? Some ...

This paper examines the temporal effect of domestic monetary policy...

Jannie Rossouw, Greg Farrell, Cyril May

Working Paper

Capital controls and foreign currency denomination

This paper studies the effectiveness of capital controls with forei...

Guangling Dave Liu, Fernando Garcia-Barragan

Working Paper

Can bank capital adequacy changes amplify the business cycle in South Africa?

The phenomenon of bank regulation procyclicality requires very care...

Sylvanus Ikhide, Foluso Akinsola

Policy Brief